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Asset Manager ← All Institutions

Treasurer of the State of North Carolina

Q4 2025 · Filed 2026-02-13
Market Value
$31.1B
-3.8%
Holdings
994
-4
New Purchases
7
Added To
95
Closed
7
Reduced
885
Top 10 Concentration
34.5%
Turnover
1.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 2.74% 2.23% +0.52% $852M
GOOG 2.22% 1.81% +0.41% $689M
LLY 1.34% 0.97% +0.37% $415M
MU 0.59% 0.37% +0.22% $182M
AAPL 5.83% 5.66% +0.17% $1.8B
BAC 0.65% 0.48% +0.16% $201M
IVV 0.17% 0.05% +0.11% $51M
AMD 0.47% 0.36% +0.10% $145M
LRCX 0.48% 0.39% +0.10% $150M
TMO 0.35% 0.25% +0.09% $109M
IWM 1.61% 1.51% +0.09% $499M
MRK 0.38% 0.29% +0.09% $119M
DUK 0.22% 0.13% +0.09% $69M
AMZN 3.46% 3.37% +0.09% $1.1B
JNJ 0.92% 0.84% +0.08% $286M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 5.34% 5.81% -0.47% $1.7B
META 2.35% 2.64% -0.29% $730M
ORCL 0.59% 0.86% -0.27% $183M
NFLX 0.63% 0.81% -0.18% $197M
NVDA 6.42% 6.56% -0.14% $2.0B
HD 0.46% 0.56% -0.10% $144M
FITB 0.05% 0.15% -0.09% $17M
SCHW 0.23% 0.32% -0.09% $71M
MSTR 0.08% 0.16% -0.08% $26M
PM 0.36% 0.43% -0.07% $113M
BLK 0.28% 0.35% -0.07% $88M
FAST 0.08% 0.14% -0.07% $24M
MCD 0.37% 0.43% -0.06% $114M
AZO 0.09% 0.15% -0.06% $28M
ORLY 0.14% 0.20% -0.06% $43M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 56 $17.6B 56.5%
Large Cap 616 $12.5B 40.4%
Mid Cap 302 $956M 3.1%
Small Cap 19 $15M 0.0%
Micro Cap 1 $503K 0.0%

Portfolio Analytics

Avg Market Cap
$79.5B
Median Market Cap
$16.6B
Avg P/E
34.2
Median P/E
23.5
Avg Dividend Yield
0.02%
Avg Beta
1.02
# Stocks
992
# ETFs / Funds
2

Top Holdings (994 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.42% 10,686,760 $2.0B $186.50 -$126M -672,216 -5.9%
2 AAPL 5.83% 6,662,227 $1.8B $271.86 -$18M -523,254 -7.3%
3 MSFT 5.34% 3,429,487 $1.7B $483.62 -$220M -196,623 -5.4%
4 AMZN 3.46% 4,655,349 $1.1B $230.82 -$15M -307,927 -6.2%
5 GOOGL 2.74% 2,721,875 $852M $313.00 $132M -237,658 -8.0%
6 AVGO 2.57% 2,311,325 $800M $346.10 -$17M -165,895 -6.7%
7 META 2.35% 1,106,187 $730M $660.09 -$122M -53,618 -4.6%
8 GOOG 2.22% 2,194,154 $689M $313.80 $104M -204,566 -8.5%
9 TSLA 1.98% 1,370,412 $616M $449.72 -$29M -81,094 -5.6%
10 IWM 1.61% 2,028,363 $499M $246.16 $10M +6,843 +0.3%
11 LLY 1.34% 386,026 $415M $1,074.68 $102M -24,624 -6.0%
12 BRK-B 1.25% 772,821 $388M $502.65 -$28M -56,473 -6.8%
13 JPM 1.18% 1,138,275 $367M $322.22 -$27M -110,450 -8.8%
14 V 1.06% 938,634 $329M $350.71 -$13M -65,194 -6.5%
15 JNJ 0.92% 1,380,575 $286M $206.95 $16M -74,373 -5.1%
16 MA 0.77% 417,387 $238M $570.88 -$4M -8,848 -2.1%
17 PG 0.72% 1,564,446 $224M $143.31 -$19M -16,255 -1.0%
18 XOM 0.69% 1,770,226 $213M $120.34 -$7M -178,130 -9.1%
19 WMT 0.65% 1,822,985 $203M $111.41 $1M -133,205 -6.8%
20 BAC 0.65% 3,661,098 $201M $55.00 $45M +628,506 +20.7%
21 CSCO 0.64% 2,574,120 $198M $77.03 $325K -319,168 -11.0%
22 NFLX 0.63% 2,102,180 $197M $93.76 -$66M +1,882,579 +857.3%
23 PLTR 0.63% 1,108,619 $197M $177.75 -$17M -67,249 -5.7%
24 ORCL 0.59% 940,009 $183M $194.91 -$93M -42,857 -4.4%
25 MU 0.59% 637,480 $182M $285.41 $64M -67,610 -9.6%
26 ABBV 0.56% 767,134 $175M $228.49 -$9M -29,411 -3.7%
27 COST 0.52% 185,983 $160M $862.34 -$24M -13,586 -6.8%
28 IBM 0.52% 540,450 $160M $296.21 -$15M -78,608 -12.7%
29 LRCX 0.48% 878,764 $150M $171.18 $25M -55,303 -5.9%
30 UNH 0.48% 452,856 $149M $330.11 -$17M -29,855 -6.2%
31 AMD 0.47% 674,787 $145M $214.16 $27M -49,304 -6.8%
32 HD 0.46% 417,192 $144M $344.10 -$38M -30,484 -6.8%
33 GE 0.44% 447,227 $138M $308.03 -$4M -25,588 -5.4%
34 KLAC 0.40% 103,152 $125M $1,215.08 $7M -6,897 -6.3%
35 AMAT 0.40% 486,879 $125M $256.99 $17M -39,275 -7.5%
36 QCOM 0.40% 724,159 $124M $171.05 -$2M -33,580 -4.4%
37 WFC 0.40% 1,317,165 $123M $93.20 $1M -132,851 -9.2%
38 CVX 0.39% 785,006 $120M $152.41 -$14M -78,598 -9.1%
39 DIS 0.38% 1,051,029 $120M $113.77 -$6M -45,428 -4.1%
40 MRK 0.38% 1,131,565 $119M $105.26 $24M -1,324 -0.1%
41 AXP 0.37% 310,989 $115M $369.95 $10M -6,275 -2.0%
42 INTU 0.37% 172,937 $115M $662.42 -$11M -11,556 -6.3%
43 KO 0.37% 1,629,472 $114M $69.91 -$2M -119,065 -6.8%
44 MCD 0.37% 371,389 $114M $305.63 -$26M -86,106 -18.8%
45 PM 0.36% 701,632 $113M $160.40 -$27M -158,744 -18.4%
46 CRM 0.36% 424,175 $112M $264.91 $13M +4,387 +1.1%
47 CAT 0.36% 194,018 $111M $572.87 $12M -14,168 -6.8%
48 ABT 0.36% 886,063 $111M $125.29 -$15M -53,313 -5.7%
49 TMO 0.35% 187,529 $109M $579.45 $26M +17,731 +10.4%
50 GS 0.35% 123,120 $108M $879.00 $587K -12,040 -8.9%
51 RTX 0.33% 560,587 $103M $183.40 $2M -40,965 -6.8%
52 TXN 0.31% 547,596 $95M $173.49 -$10M -24,098 -4.2%
53 ADI 0.31% 349,550 $95M $271.20 $5M -15,462 -4.2%
54 COF 0.30% 384,546 $93M $242.36 $19M +36,432 +10.5%
55 GD 0.29% 269,456 $91M $336.66 $7M +25,163 +10.3%
56 GILD 0.29% 738,582 $91M $122.74 $7M -10,764 -1.4%
57 MDT 0.29% 939,092 $90M $96.06 -$3M -40,024 -4.1%
58 ACN 0.29% 334,757 $90M $268.30 $20M +53,296 +18.9%
59 BLK 0.28% 81,893 $88M $1,070.34 -$26M -15,338 -15.8%
60 C 0.28% 743,611 $87M $116.69 $3M -77,352 -9.4%
61 MS 0.28% 482,575 $86M $177.53 $3M -35,255 -6.8%
62 LIN 0.27% 196,763 $84M $426.39 -$16M -14,381 -6.8%
63 ADBE 0.27% 239,625 $84M $349.99 $16M +48,266 +25.2%
64 ISRG 0.27% 147,902 $84M $566.36 $12M -12,566 -7.8%
65 APP 0.27% 123,380 $83M $673.82 -$12M -9,233 -7.0%
66 UBER 0.27% 1,016,281 $83M $81.71 -$6M +111,049 +12.3%
67 PEP 0.27% 574,173 $82M $143.52 -$4M -41,956 -6.8%
68 INTC 0.26% 2,210,369 $82M $36.90 $16M +245,488 +12.5%
69 BKNG 0.24% 14,150 $76M $5,355.34 -$3M -475 -3.2%
70 CME 0.24% 277,211 $76M $273.08 -$1M -7,764 -2.7%
71 ADP 0.24% 292,528 $75M $257.23 -$14M -12,696 -4.2%
72 GEV 0.24% 114,558 $75M $653.57 -$715K -8,368 -6.8%
73 AMGN 0.24% 225,367 $74M $327.31 $6M -16,476 -6.8%
74 ETR 0.23% 786,227 $73M $92.43 $11M +121,117 +18.2%
75 VZ 0.23% 1,769,667 $72M $40.73 -$11M -129,308 -6.8%
76 TJX 0.23% 468,671 $72M $153.61 -$699K -34,250 -6.8%
77 T 0.23% 2,895,887 $72M $24.84 -$17M -258,123 -8.2%
78 PFE 0.23% 2,882,659 $72M $24.90 -$6M -174,883 -5.7%
79 SCHW 0.23% 715,089 $71M $99.91 -$31M -362,864 -33.7%
80 NEE 0.23% 874,142 $70M $80.28 $181K -53,067 -5.7%
81 ANET 0.23% 533,799 $70M $131.03 $2M +69,960 +15.1%
82 DUK 0.22% 590,587 $69M $117.21 $26M +240,797 +68.8%
83 APH 0.22% 511,267 $69M $135.14 $2M -30,879 -5.7%
84 BA 0.22% 313,209 $68M $217.12 -$2M -12,619 -3.9%
85 PANW 0.22% 363,483 $67M $184.20 -$10M -14,136 -3.7%
86 SPGI 0.21% 127,023 $66M $522.59 -$815K -11,039 -8.0%
87 NOW 0.21% 433,000 $66M $153.19 -$19M +340,072 +365.9%
88 SPG 0.20% 327,372 $61M $185.11 -$3M -10,278 -3.0%
89 COP 0.19% 645,349 $60M $93.61 -$5M -45,379 -6.6%
90 DHR 0.19% 263,843 $60M $228.92 $4M -23,013 -8.0%
91 BSX 0.19% 618,485 $59M $95.35 -$6M -45,197 -6.8%
92 UNP 0.19% 250,588 $58M $231.32 -$6M -18,307 -6.8%
93 NEM 0.18% 569,543 $57M $99.85 -$5M -166,424 -22.6%
94 LOW 0.18% 234,838 $57M $241.16 -$7M -17,158 -6.8%
95 CMI 0.18% 110,733 $57M $510.45 $10M +1,066 +1.0%
96 HCA 0.18% 119,938 $56M $466.86 $3M -5,152 -4.1%
97 PGR 0.18% 245,541 $56M $227.72 -$9M -17,937 -6.8%
98 WELL 0.17% 288,112 $53M $185.61 -$124K -12,775 -4.2%
99 CRWD 0.17% 113,784 $53M $468.76 -$515K +3,968 +3.6%
100 AMP 0.17% 108,384 $53M $490.34 $1M +2,961 +2.8%

New Positions

SymbolValue% Port
Q $7M 0.02%
SOLS $3M 0.01%
LLYVA $672K —%
FIGR $594K —%
BLSH $525K —%
FG $318K —%
FRMI $120K —%

Sold Out Positions

SymbolValue% Port
LLYVK —%
COOP —%
K —%
IPG —%
INFA —%
LNW —%
SPR —%
View SEC EDGAR Filings for Treasurer of the State of North Carolina →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms